The Chinese government is advising people to buy silver and gold. The government is even producing educational television programs telling their citizens to invest in gold. Why would they do this? Watch this video and remember:
- China invented “make believe” money and they know all about its long term instability.
- China’s historical memory is calculated in the thousands of years.
- No country has suffered more due to corruption in the past 100 years.
As we know from experience, the ability to print paper money is a privilege held dear by governments – not something they wish, or can generally afford, to let go of.
The Chinese govt are not, generally, renowned for kindness to their population so there MUST be a payoff perceived by China for the future. Will the Chinese government allow minting of gold into high-value coins denominated in their currency? Is there another explanation other than just another reason to buy gold and start a gold-backed savings account for yourself as protection?